Breaking News: Form3 Secures $60 Million in Funding to Revolutionize Financial Services Industry
The global economy is facing challenges, but Form3 is on a mission to change the game. Form3, a startup connecting financial players with microservices and APIs to enable account payments, just announced a massive $60 million in funding. This investment, led by British Patient Capital, brings Form3's Series C total to $220 million, with support from big names like Visa, Goldman Sachs, and MasterCard.
Form3 is not your typical fintech disruptor. Founded in 2016 by former Barclays employees Mike Walters and Michael Mueller, the company was born out of frustration with outdated payment systems. They teamed up with software expert Steve Cook to create a cutting-edge solution that is revolutionizing the financial services industry.
Today, Form3 works with major players like Klarna and N26, as well as neobanks and banking-as-a-service providers, to offer instant transfers, payment orchestration, fraud protection, and more. In the UK, Form3 handles over 50% of non-cash payment volume, with plans to expand globally.
This funding round has been years in the making, reflecting the challenges of the current market. However, Form3's innovative approach to modernizing payments infrastructure has caught the attention of investors like British Patient Capital, who see the company as a leader in the industry.
In summary, Form3's $60 million funding round is a game-changer for the financial services industry. By revolutionizing payment systems and reducing operating costs, Form3 is paving the way for a more efficient and secure financial future. Investors and consumers alike can expect to see major changes in the industry as Form3 continues to grow and innovate.